FDIC Certificate #: 57625 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 3233407 Date Established: January 26, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 418718 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 26, 2004 Last Structure Change Effective Date: April 29, 2011 Last Structure Change Process Date: May 02, 2011 Last Data Update: May 02, 2011 Data Source Date: April 05, 2012
Location
Address: 1000 South Broad Street, Brooksville, FL 34601 County: Hernando Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Tampa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $66.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
19Total employees (full-time equivalent)
$72,236Total assets
$9,432Cash and due from depository institutions
$9,005Interest-bearing balances
$4,684Securities
$0Federal funds sold & reverse repurchase agreements
$49,298Net loans & leases
$1,176Loan loss allowance
$0Trading account assets
$4,534Bank premises and fixed assets
$3,299Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$989All other assets
$72,235Total liabilities and capital
$68,653Total liabilities
$61,443Total deposits
$55,329Interest-bearing deposits
$61,443Deposits held in domestic offices
99.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$210All other liabilities
$3,582Total equity capital
$3,582Total bank equity capital
$3,582Perpetual preferred stock
$0Common stock
$9,025Surplus
$9,579Undivided profits
Memoranda
$-15,022Noncurrent loans and leases
$2,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,482Earning assets
$0Long-term assets (5+ years)
$229Average Assets, year-to-date
$62,987Average Assets, quarterly
$18,782Volatile liabilities
$78,882Insider loans
$74,883FHLB advances
$11,013Loans and leases held for sale
$1,324Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,529Total unused commitments
$1,545Restructured Loans and leases
$680Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,490Total interest income
$1,218Total interest expense
$1,272Net interest income
$5,261Provision for loan and lease losses
$173Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$4,181Total noninterest expense
$1,152Salaries and employee benefits
$364Premises and equipment expense
$2,665Additional noninterest expense
-$7,997Pre-tax net operating income
$4Securities gains (losses)
$0Applicable income taxes
-$7,993Income before extraordinary items
$0Extraordinary gains - net
-$7,993Net income attributable to bank
$0Net charge-offs
-$7,993Cash dividends
$5,432Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.57%Yield on earning assets
1.74%Cost of funding earning assets
1.82%Net interest margin
0.25%Noninterest income to earning assets
5.99%Noninterest expense to earning assets
-10.14%Net operating income to assets
-10.13%Return on assets (ROA)
-10.13%Pretax return on assets
-94.90%Return on equity (ROE)
-94.90%Retained earnings to average equity (YTD only)
9.60%Net charge-offs to loans
96.85%Credit loss provision to net charge-offs
-0.50%Efficiency ratio
289,343Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
7.60%Noncurrent assets plus other real estate owned to assets
26.00%Noncurrent loans to loans
30.67%Net loans and leases to deposits
80.23%Net loans and leases to core deposits
97.76%Equity capital to assets
4.96%Core capital (leverage) ratio
4.29%Tier 1 risk-based capital ratio
6.26%Total risk-based capital ratio
Memoranda
$8Average assets
$78,882Average earning assets
$8,422Average equity
$69,800Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cortez Community Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: